Tuesday, November 13, 2007

Philippine's 20 Richest


1. Henry Sy
$4 billion
82. Married. 6 children.

Philippines' leading retailer opened his biggest mall yet in May on Manila's waterfront. Now on verge of becoming nation's second-largest banker, once merger with his Banco de Oro and Equitable PCI is finalized

2. Lucio Tan
$2.3 billion
72. Married. 6 children.

The Filipino-Chinese magnate made his fortune from a variety of sources, including tobacco and beer. Also owns Philippine Airlines. With Hong Kong property portfolio, cashed in on booming Asian real estate market.

3. Jaime Augusto Zobel de Ayala
$2 billion
72. Married. 7 children.

Patriarch (otcbb: PRRH.OB - news - people ) of Ayala Corp., Philippines' oldest conglomerate, founded in 1834. Interests in real estate, water, telecom. Officially retired in April, though sons Jaime Jr. and Fernando have run daily operations for the past decade.

4. Eduardo Cojuangco
$840 million
71. Married. 4 children.

Known as "Danding." Shares of San Miguel Corp., the food and beverage group he chairs, briefly suspended in November, after alleged inflation of sales figures of its Coca-Cola (nyse: KO - news - people ) Bottlers. Company denies allegations.

5. George Ty
$830 million
74. Married. 5 children.

Founder and chairman of Metrobank, one of the Philippines' largest financial institutions with branches in Asia, U.S. and Europe. Known to wear suit and tie to office every day. May soon relax a bit: founder handed over chairmanship earlier this year.

6. John Gokongwei Jr.
$700 million
80. Married. 6 children.

Lived on street at age 13 after wealthy father died. Peddled thread, soap, candles during World War II. Later founded JG Summit, a conglomerate with telecom, property, food, airline and textiles interests, that is celebrating fiftieth anniversary this year. Chairman emeritus, leaves daily operations to son Lance, who is president.

7. Tony Tan Caktiong
$575 million
53. Married. 3 children.

Got start with 2 ice cream parlors; soon switched to hamburgers. Today his fast-food group Jollibee, which he still runs, has almost 1,500 locations operating under 6 brands. Also 167 restaurants abroad, including 100-plus in China. Plans to open locations on U.S.' East Coast and in Las Vegas, and to enter India next year.

8. Andrew Tan
$480 million
57. Married. 4 children.

Chairs Megaworld Corp., large real estate company known for its Manila complexes that integrate office, residential and commercial units. Now developing technology parks. Just broke ground on a new Marriott hotel in Newport City.

9. Emilio Yap
$350 million
81. Married.

Controls Manila Bulletin, one of the nation's oldest and largest dailies. Hands-on chairman reportedly approves story lineups. Has investment in historic Manila Hotel. Son Enrique helps run the business.

10. Oscar Lopez
$315 million
Harvard grad heads family holding company Lopez Inc., which has controlling stake in ABS-CBN Broadcasting Corp., founded by late father, Eugenio. Now nation's largest media group, run by late brother's son, Eugenio III. Group also has interests in power generation, construction.

11. Enrique Razon Jr.
$285 million
46. Married. 2 children.

Chairs International Container Terminal Services, which family cofounded in 1987. Group operates 9 port terminals, including 4 in the Philippines and 1 each in Brazil, Poland, Japan, Indonesia, Madagascar. In July won concession to operate terminal in Syria.

12. Andrew Gotianun
$280 million
78. Married. 4 children.

Founded consumer finance group Filinvest 1955; eventually moved into property. Remains chairman emeritus of Filinvest Development; son Jonathan chairman; daughter Lourdes Josephine G. Yap president.

13. Enrique Aboitiz
$275 million
84. Married. 7 children.

Heads family conglomerate with interests in 60 companies in banking, food, logistics. Runs nation's largest private network of ferries and buses.

14. Alfonso Yuchengco
$225 million

Father, Enrique, set up insurance group 1930s. Alfonso took over 1946, diversified into banking, construction, education. Empire now reportedly includes 40 mostly private companies. Yuchengco served as ambassador to China and Japan. In February announced that eldest daughter, Helen Yuchengco Dee, would succeed him.

15. Menardo Jimenez
$210 million

With 2 partners, took control of GMA Network, founded by an American war correspondent, in 1970s. Overhauled media group, adding local programming to stable of overseas programs. Now country's second largest. Former GMA chief executive sits on board of Cojuangco's San Miguel.

15. Gilberto Duavit Jr.
$210 million

Executive vice president and chief operating officer of GMA Network. He and family own 35% of group, expected to finally go public next year.

17. Ramon del Rosario Jr.
$205 million
62. Married. 4 children.

Chief executive of Philippine Investment-Management (Phinma), cofounded by his father. Served for one year as nation's secretary of finance. Known as RRR (Ramon R. del Rosario), this Harvard M.B.A. was recently elected chairman of the prominent Makati Business Club. Has big interest in education, pushing Phinma into investing in colleges. Also chairs board of advisers of the Ramon V. del Rosario, Sr. Center for Corporate Responsibility.

18. Felipe Gozon
$180 million

Part of triumvirate that took over GMA Network in the 1970s. Remains chairman and chief executive of GMA, which has 46 VHF stations and 26 radio stations.

19. Beatrice Campos
$160 million
Widowed. 5 children.

Low-profile widow of Jose Campos, who died in May. He was one of the cofounders of United Laboratories (Unilab), nation's largest pharmaceuticals maker. Secretive group is one of nation's largest private firms.

20. Luis J.L. Virata
$150 million

Investment banker made headlines in 1999 when he briefly stepped in as chief executive of then nearly bankrupt Philippine Airlines, replacing Lucio Tan. His family is now a major shareholder in Nickel Asia, the Philippines' largest nickel producer. Company's plans to go public this fall were reportedly canceled because of poor pricing.

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